The authorities in the Russian city of St Petersburg plan to invest heavily in transport infrastructure. A budget of US$59.24 billion in all has been projected for the necessary work. Final approval has to be given for the budget at this stage.
June 13, 2012
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The authorities in the Russian city of St Petersburg plan to invest heavily in transport infrastructure. A budget of US$59.24 billion in all has been projected for the necessary work. Final approval has to be given for the budget at this stage.
The award for a key stretch of the Moscow-St Petersburg highway has been awarded - Eugene Gerden writes As expected by analysts, Mostotrest, owned by the Rotenberg brothers, won the tender for the construction of the sixth and longest section of the Moscow-St Petersburg highway. Under the conditions of the tender the company will build 209km of the highway (334-543km), which will pass through the Tver and Novgorod regions of Russia. The cost of construction is 144.6 billion Rubles (US$4.51 billion), 16 bill
A new bridge is planned for St Petersburg. The link will span the Neva River and will form part of the Western High-Speed Radius route. The project is expected to cost US$2.26 billion. The authorities in St Petersburg are currently looking for potential investors in the project as well as an engineering firm able to carry out the detailed planning work necessary.
Overall, Russia is to benefit from a major highway investment programme. The Federal Transport Development Programme will feature a budget of $21.5 billion for the 2010-2015 period. Some $15.1 billion is to be allocated for highway construction and repairs. Russian city St Petersburg and the surrounding the Leningrad region will see the start of major investment in infrastructure during 2011. The road sector will benefit strongly, with projects underway including the southern section of the Western High Spe
